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Insipid conditions continue at cotton market

Related Keywords: cotton bales, cotton market on Thursday, depressed local market, domestic market, falling world cotton prices, ginners keen to enter into deals, grey cloth, insipid conditions continue, KCA, KCE, kept spinners away from trading ring, little buying interest, Sluggish off-take of cotton yarn, spot rate

The sluggish off-take of cotton yarn and grey cloth in the domestic market has kept spinners away from the trading ring. With little buying interest, insipid conditions continue at the cotton market on Thursday. Though ginners were keen to enter into deals but falling world cotton prices have further depressed the local market.

Strike brings half of India’s powerloom sector to a halt

Related Keywords: Bhiwandi powerloom units strike, Bhiwandi strike, control on yarn prices, grey cloth, illegal holding of yarn, minimum support price, permission to export cloth, Textile Industry, Textile processing unit

Strike has been called by Bhiwandi powerlooms since Monday demanding control on yarn prices and permission to export cloth . Approximately 9 lakh people are dependent on Bhiwandi’s powerlooms and related businesses of which nearly three-fourths of the 9 lakh powerloom units in Maharashtra’s Bhiwandi are on strike. The strike aims at ensuring less cloth is sent to the market, which may result in prices increasing.

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